Indian Economy -Civil Service Gurukul

07 Nov 2017 21:36

What is a shell company?

A shell corporation is a corporation without active business operations or significant assets.These types of corporations are not all necessarily illegal, but they are sometimes used illegitimately, such as to disguise business ownership from law enforcementor the public.Legitimate reasonsfor a shell corporation include such things as a startup using the business entity as a vehicle to raise, funds, conduct a hostile takeover or to go public.

Reasons to legitimately set up a Shell Corporation

The number one reason for a domestic company to set up a shell company is to realize a tax haven abroad.Large corporations, like in the Apple example, have decided to move jobs and profits offshore, taking advantage of looser tax codes. This is the process of “offshoring” or “outsourcing” work that was once conducted domestically.To remain within legal bounds internationally, corporations will set up shell companies in the foreign countries in which they are offshoring work.

 

Indian Economy -Civil Service Gurukul

07 Nov 2017 14:30

✅🔵⭐️Recent Updates

UPSC has changed the pattern of asking question, thatswhy, We have prepared notes for students as per upsc pattern on Disaster Management topic of GS paper 3 Model question with answer and with additional notes has been send to registered students as per UPSC pattern..
🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com.

Indian Economy -Civil Service Gurukul

07 Nov 2017 10:06

How demonetisation affected the Indian economy, in 10 charts - Livemint
http://www.livemint.com/Politics/ySbMKTIC4MINsz1btccBJO/How-demonetisation-affected-the-Indian-economy-in-10-charts.html?facet=amp&utm_source=googleamp&utm_medium=referral&utm_campaign=googleamp

Click to join best economy channel
Join 🔜 t.me/economyupsc

Indian Economy -Civil Service Gurukul

06 Nov 2017 17:49

Issues with Manufacturing sector

According to NITI Aayog’s report, the sector’s growth rate has remained constant for the past 25 yearsWhereas countries such as Taiwan and China recorded more than double the rate of expansion in India

Example of other countries

In Taiwan and South Korea in the 1960s and 1970s and in China in the 1980s, 1990s and 2000s, manufacturing grew at rates approaching or exceeding 15 per centIt lead to transformation of these economies from primarily agrarian and rural character to modern urban ones in around three decades

India’s situation

The fast-growing sectors in India have been automobile and its parts, two-wheelers, machinery, chemicals, petroleum refining, telecommunications, software and pharmaceuticalsNone of these sectors employs low-skilled workers in large numbersAs a result, the vast majority of Indian workers remain concentrated in agriculture, unorganised industry or low-paying services

Challenges in front of India

To achieve rapid growth in manufacturing sectorEnsuring healthy growth in labour-intensive sectors such as clothing, leather manufactures, food processing and electronic assemblyGrowth in these sectors would help create good jobs for workers with limited skills

Suggestions by the Niti Aayog in its three-year action plan
Suggestions include

Easing entry barriers and reducing duties on synthetic fibres to make India’s apparel industry competitive in global marketReducing custom duty on goldIncreasing investment in skill trainingExpediting creation of integrated mega food parks and lower duties on key inputs of final electronics products

Indian Economy -Civil Service Gurukul

06 Nov 2017 12:45

Limited Seat is available.
🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

06 Nov 2017 10:24

https://youtu.be/VbkQtWmTQ4o

Indian Economy -Civil Service Gurukul

06 Nov 2017 09:34

✅from today till UPSC mains 2018 ,Commerce Gurukul will post daily news from various
Newspaper.No need to read whole newspaper for Indian economy.
Thanks
Commerce Gurukul.

Indian Economy -Civil Service Gurukul

06 Nov 2017 08:43

http://www.thehindu.com/todays-paper/tp-business/psu-banks-may-get-rs-70000-cr-via-recap-bonds-in-four-months/article19989343.ece

Indian Economy -Civil Service Gurukul

06 Nov 2017 08:43

http://www.livemint.com/Specials/8bX1IDRQ1FK3qpMRNrFbAO/Demonetisation-A-resounding-success.html

Indian Economy -Civil Service Gurukul

05 Nov 2017 18:38

Limited Seat is available.
🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

05 Nov 2017 14:21

The Anti-Counterfeiting Trade Agreement (ACTA)
The Anti-Counterfeiting Trade Agreement (ACTA) is a
multinational treaty for the purpose of establishing
international standards for intellectual property rights
enforcement. The agreement aims to establish an international legal framework for targeting counterfeit
goods, generic medicines and copyright infringement on
the Internet, and would create a new governing body
outside existing forums, such as the World Trade
Organization, the World Intellectual Property
Organization, and the United Nations.

Indian Economy -Civil Service Gurukul

05 Nov 2017 14:21

Phillips Curve
It is a graphic curve which advocates a relationship between inflation and
unemployment in an economy.

As per the curve there is a ‘trade off’ between
inflation and unemployment, i.e., an inverse relationship between them.

The
curve suggests that lower the inflation, higher the unemployment and higher the inflation, lower the unemployment..

Indian Economy -Civil Service Gurukul

05 Nov 2017 14:21

Inflationary Gap



The excess of total government spending above the national income (i.e.,
fiscal deficit) is known as inflationary gap. This is intended to increase the production level, which ultimately pushes the prices up due to extra-creation of money during the process.

Indian Economy -Civil Service Gurukul

05 Nov 2017 14:21

Modi suggests 10 ‘noble commitments’ for global transformation

Indian Economy -Civil Service Gurukul

05 Nov 2017 14:21

Special Safeguard Mechanism : WTO's Special Safeguard Mechanism (SSM) is a protection measure allowed
for developing countries to take contingency restrictions against agricultural
imports that are causing injuries to domestic farmers. The contingency measure
is imposition of tariff if the import surge causes welfare loss to the domestic
poor farmers. The design and use of the SSM is an area of conflict under the
WTO.
Join our Guidance progam for Indian economy UPSC prelims and GS paper 3 answer writing practice
For more details contact @cadhananjay

Indian Economy -Civil Service Gurukul

07 Nov 2017 21:30

INDIAN ECONOMY News

Context

The recently released data for the first quarter of 2017-18, showing GVA growth at only 5.6%, is a warning signal.Industrial growth was only 1.9% over the same quarter in the previous year, the lowest in 21 quarters

The problem

Discussion on the slowdown has focused on whether it was due to the impact of demonetisation or the destocking effect of GSTThe real problem is downward trend in growth. GVA growth had increased from 7.2% in 2014-15 to 7.9% in 2015-16.It then slowed down to 6.6% in 2016-17, and the first-quarter results for the current year suggest that the deceleration is likely to continue.

Weak investment demand

Declining investment is a major problem that has been evident for some years.Gross fixed capital formation in current prices fell from 31.3% of gross domestic product (GDP) in 2013-14 to 27.1% in 2016-17.There is talk of expanding public investment to make up the slack. There is little merit in pushing PSUs to take on large investment programmes as a pump priming activity.They are not particularly efficient users of resources, and pushing them to invest more at short notice will only lead to poorly planned projects.Private corporate sector investment is constrained by balance sheet stress. 

What can we do that will have the maximum impact?

Improving infrastructure, especially roads, power and railways, is undoubtedly the best way of “crowding in” private investmentSetting clear targets and monitoring progress in public investment in infrastructure will help.Small businesses need an urban environment that gives them economies of agglomeration, ease of doing business and low transaction costsFixing the slowdown in bank lending is low-hanging fruitThere are many structural items on the agenda, such as mergers of banks, recoveries of non-performing assets through the bankruptcy code route, and recapitalization of public sector banks. 

Weak export performance

A greater export effort is that it will increase India’s linkage with global markets and global technology trends, with potential productivity gainsIt will encourage the growth of strong Indian firms exporting to world markets and maintain global competitiveness. This will also make them generators of high quality employment in the process.From 2003 to 2010, our exports grew much faster than world trade, and our share in world exports increased, albeit at a slow pace.Export performance has collapsed in recent years. In US dollar terms, exports in 2016-17 were slightly lower than in 2011-12.Our share in world exports is 1.7% compared to 13.2% for China.

What to do?

We will have to go beyond expanding and revamping existing export promotion schemes. A credible export agendarequires policy interventions that lie outside the domain of the commerce ministry.These include improvements in infrastructure and logistics, building coastal employment zones, better bank finance for exporters, and Labour law reformWe also need a political decision on the endless Regional Comprehensive Economic Partnership (RCEP) negotiations

Exchange rate policy and interest rates

The real effective exchange rate has appreciated by about 9%over the past few years against our trading partnersThis has an adverse impact on exports and also on domestic producers competing against imports.Strengthening exchange rate in an environment where exports are weak, and domestic producers are asking for tariff protection, is a sure sign of exchange rate misalignment driven by strong capital flows.

 

Indian Economy -Civil Service Gurukul

07 Nov 2017 10:24

Public credit registry to speed up digitisation: Vishwanathan - The Hindu
http://www.thehindu.com/business/public-credit-registry-to-speed-up-digitisation-vishwanathan/article19993312.ece

Indian Economy -Civil Service Gurukul

06 Nov 2017 20:30

✅🔵⭐️Recent Updates

UPSC has changed the pattern of asking question, thatswhy, We have prepared notes for students as per upsc pattern on Disaster Management topic of GS paper 3 Model question with answer and with additional notes has been send to registered students as per UPSC pattern..
🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com.

Indian Economy -Civil Service Gurukul

06 Nov 2017 16:59

GOLD BOND SCHEME

Context

The Government announced a few changes in its Sovereign Gold Bond (SGB) Scheme recently.The primary change was the increase in the limit to 4 kg (from 0.5kg) for individuals, HUF and 20 kg for Trusts.

Why?

To encourage high net-worth individuals, rich farmers as well as trusts to invest in these bonds.

Factor diminishing the attractiveness of the SGB ?

Its price being pegged to a 10% import duty, and any reduction in the import duty by the Government in the subsequent period would likely inflict severe loss of value to those who have already invested

How to overcome?

The Government should fix the pricing of SGB at bullion rates exclusive of import duty and IGSTIn case of physical delivery of bullion against SGB at a later date, import duty and IGST should be levied at the point of delivery.This will make the scheme much more attractive to the general public, thereby enabling substitution of expensive imports that impact the current account deficit (CAD).

Way forward?

While the Government introduced these bonds to help reduce India’s over dependence on gold imports, the move was also aimed at changing the habits of Indians from saving in physical form of gold to a paper form with Sovereign backingFurther, offering gold loan against Sovereign Gold Bondswould help popularise the product from a consumer angle.
🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

06 Nov 2017 10:25

👆this video is related with GS paper 3 topic food processing.

Indian Economy -Civil Service Gurukul

06 Nov 2017 09:35

All members may click on Instant view to read news faster.😊👍

Indian Economy -Civil Service Gurukul

06 Nov 2017 09:32

👆all news are related indian economy and GS paper 3 .

Indian Economy -Civil Service Gurukul

06 Nov 2017 08:43

http://www.thehindu.com/todays-paper/tp-business/decoding-gst-forms/article19989353.ece

Indian Economy -Civil Service Gurukul

06 Nov 2017 08:42

http://www.livemint.com/Opinion/qQhq44ebYHrfbwGmBhnAMK/India-is-right-to-focus-on-ease-of-doing-business.html

Indian Economy -Civil Service Gurukul

05 Nov 2017 14:21

One rupee note again
The Finance Ministry under the Central Government has
recently launched the one rupee note again. The launch
took place at the Shrinathji temple in Nathdwara,
Rajasthan. The relaunched currency notes will be made
up of cent percent cotton rag and will weigh 900 grams
per square metre with a thickness of 110 microns. It
bears the signature of the Finance Secretary and not the
RBI Governor. Only Re. 1 notes and coins in India are
signed by the Finance Secretary as they are printed by
the Central Government. All other Indian currency notes
in India are printed by RBI. The watermarks of the
currency note include an Ashoka Pillar symbol in the
window without the words ‘Satyamev Jayate’, a latent
numeral at the centre and the concealed word ‘Bharat’
(in Hindi) at the right side of the note.
The colour of the note is primarily pink green on both
the obverse and reverse sides, in combination with
other colours. A picture of the oil exploration rig of
Sagar Samrat off the Mumbai coast will feature on the
reverse.

Indian Economy -Civil Service Gurukul

05 Nov 2017 14:21

Sovereign Gold Bonds
Ministry/Department :  Ministry of Finance in association with RBI

 

Objective: To reduce the demand for physical gold by shifting a part of the demand for physical gold into investment in Gold Bonds

 

Scheme:

* Bonds will be issued by RBI on behalf of govt. 

* To be sold through bank, post offices and Stock Holding Corporation of India Limited

* The risk of gold price changes will be borne by the Gold Reserve Fund that is being created

* Sovereign Gold Bonds will be issued on payment of rupees and denominated in grams of gold

* Customers can buy gold bonds which will be relatable to the weight of gold.

* The bonds will be issued in various denominations for 5-7 years with a rate of interest to calculated on the value of the metal at the time of investment.

* Max 500 gms gold equivalent bond can be purchased in a year by one person. (This has been changed. See below)

* Only offered to Indian citizen and institutions.

* Strict KYC norms.

* Interest taxable as per IT Act,

* Capital gains tax treatment will be the same as for physical gold for an 'individual' investor. 

* Rate of interest will be decided by government

* The bonds will be issued in denominations of 5,10,50,100 grams of gold or other denominations

* Bonds can be used as collateral for loans

* On maturity, the redemption will be in rupee amount only.

* The rate of interest on the bonds will be calculated on the value of the gold at the time of investment.

 Factual Information:

* Started in 2015

 

Progress so far and changes:

* The mobilisation target under the scheme was Rs. 15,000 crore in 2015-16 and at Rs.10,000 crore in 2016-17. However, the amount so far credited in Government account is Rs. 4,769 crore.

* Changes in scheme:

    * The investment limit under the scheme per fiscal year has been increased to 4 kg for individuals, 4 Kg for Hindu Undivided Family (HUF) and 20 Kg for Trusts and similar entities notified by the Government. The ceiling will be counted on financial year basis and will include the SGBs purchased during the trading in the secondary market.  

    * Ministry of Finance (the issuer) has been given flexibility to design and introduce variants of SGBs with different interest rates and risk protection that will offer investment alternatives to different category of investors.

Indian Economy -Civil Service Gurukul

05 Nov 2017 14:21

Deflationary Gap
The shortfall in total spending of the government (i.e., fiscal surplus) over the
national income creates deflationary gaps in the economy.

This is a situation of producing more than the demand and the economy usually heads for a general slowdown in the level of demand. This is also known as the output gap

Indian Economy -Civil Service Gurukul

05 Nov 2017 14:21

Suggesting the 10 commitments, he said:

* “Creating a safer world by organised and coordinated action on at least three issues: counter-terrorism, cyber security and disaster management.” He also said that the bedrock of India’s development agenda laid in the notion of “sabka saath, sabka vikaas” (collective effort, inclusive growth). Stating that India has mapped each of the UN’s 17 Sustainable Development Goals (SDGs) to its own development programmes and scheme, he said: “Our programmes are geared to accomplish these priority goals in a time-bound manner.

“To cite just one example, our three-pronged approach of providing a bank account to the unbanked, providing a biometric identity to all, and using innovative mobile governance solutions, has enabled direct benefit transfers to almost 360 million people for the first time.”

* The Prime Minister called for creating a greener world by taking concerted action on countering climate change, through initiatives such as the India-initiated International Solar Alliance.

* Another suggestion was for creating an enabled world by sharing and deploying suitable technologies to enhance efficiency, economy and effectiveness.

* Reiterating his vision for a digital economic and financial system, Mr. Modi called for creating an inclusive world “by economic mainstreaming of our people including in the banking and financial system”.

* “Creating a digital world by bridging the digital divide within and outside our economies.

* “Creating a skilled world by giving future-ready skills to millions of our youth.”

* Mr.Modi also called for creating a healthier world by cooperating in research and development to eradicate diseases, and enabling affordable health care for all.

* In creating an equitable world, he said the BRICS nations should provide equality of opportunity to all, particularly through gender equality.

* In terms of a connected world, he suggested enabling of free flow of goods, persons and services.

* He also called for creating a harmonious world “by promoting ideologies, practices, and heritage that are centred on peaceful coexistence and living in harmony with nature”.

“Through these agenda points, and action on them, we will be contributing directly to the welfare of the global community in addition to welfare of our own people.

“And in this, India stands ready as a willing and committed partner to enhance cooperation and support each other’s national efforts,”

Indian Economy -Civil Service Gurukul

05 Nov 2017 14:21

Gender Parity Index

It is a socio-economic index usually designed to measure the relative access to
education of males and females. This index is released by UNESCO. In its
simplest form, it is calculated as the quotient of the number of females by the
number of males enrolled in a given stage of education (primary, secondary,
etc.). It is used by international organizations, particularly in measuring the
progress of developing countries.
Join our Guidance progam for Indian economy UPSC prelims and GS paper 3 answer writing practice
For more details contact @cadhananjay

Indian Economy -Civil Service Gurukul

05 Nov 2017 14:21

BHIM App

BHIM (Bharat Interface for Money) is a Mobile App developed by National
Payments Corporation of India (NPCI), based on the Unified Payment Interface
(UPI). This UPI app supports all Indian banks which use that platform, which
is built over the Immediate Payment Service infrastructure and allows the user
to instantly transfer money between the bank accounts of any two parties.
Join our Guidance progam for Indian economy UPSC prelims and GS paper 3 answer writing practice
For more details contact @cadhananjay